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Greenspan if you read my previous posts I did state before the start was not great and I agreed. If I wanted to deramp this based on the begining i could do as it was flawed - but they have shown change. The last RNS, if you look at this board before it was released people were assuming that this would affect bigdish so they responded - the government scheme is only temporary for the month of August on certain days only and no way affecting bigdish in the long run. Since the new CEO there has been improvements especially with the restaurant numbers. Even now, the restaurants have been placed invisible whilst they get In touch with these restaurants, I've noticed a brand new restaurant has been added onto the app - so whilst retaining, new ones are being added. No one likes uncertainty or change, but time will tell.
Ron you know what happened to the Asian side....refer back to your ramp posts. As you stated yourself and big dish in one of their interviews the Asian side was put on hold to focus here in the UK market. You probably have more of an answer than I would to know exactly what's happened to it at this moment in time. Greenspan you only focus on past efforts, I did ask what about the company since having the new CEO. You blanked that question and keep referring to beginning which was a **** show. Trials and errors - now and then, a vast difference.
Trump is blocked.... has been ages... goes from ramping to de-ramping all the time.... depends on his own agenda... if he is negative it’s because he has sold and want to scare people into selling so he can buy back lower!
I think if a company manages to lose between 5 to 6million in its first 2 years while generating less than 80k in revenue it would be fair to say I don't class it as a business More a idea or a hobby, one things for sure no boutique investor would hand them another 2 to 3 million to burn through just wouldn't happen.
I am not worried.... restaurants may not have re opened yet and it takes time to make contact and discuss the new model with restaurants too.... it takes time... just because their may only be 60 back on dish does not mean the rest have left...
Spero, I love you xx, you say 100 times better what I know and thinking. Your post is total truth and I will invest a further pot over the next day or so. I am like many looking for bargain! I really do hope for a sell off so I can pile in. Don't worry investors, if there is a huge sell I will most definately have them like many i know. As you all know I sold a house in London and have a good profit available. I will buy the low but bigger sellers are sparse. I will have the mms, watch me..if they try to con a low tomorrow I will have them everytime. Mms..??., I know you monitor these billboards.. my friends are watching your buys you show as sells....you are going to have to open higher for a chance to win. Show as down? You lose, sorry for you.
Spero that could well be the case, but I’m just stating whats visible at present, AB said there was 650 in March and now there are 60, that’s a 92% loss of restaurants at present and London had around 130 restaurants and now 16, hopefully we haven’t lost Wildwoods 56 Restaurants throughout the Uk were active
Still disappointed they didn’t tweak the price of the old transactional model and simply just add delivery and collection as an additional revenue steam, Saas model is only like to work if you have a mass customers base which they don’t as how would you justify the cost the restaurants has to pay?
If, as you say jsmith, the live restaurants are signed up to the SaaS service, then things aren't looking as bleak as they appear from the raw statistic of 623 (peak) -> 60.
From the live location names, it looks like they are being reconfirmed alphabetically (Poole is basically Bournemouth & excluding London). Of the total that were on the platform at peak (in the current live locations), 21% have been reactivated. Of the remaining79%, a significant percentage of these have not reopened yet, so are invisible on the platform.
If the accounts team could speak to all of the open restaurants today (from a-z), that reconfirmation rate of 21% suggests about 135 would immediately reactivate. A huge pile of them are closed, so will reactivate later. From our current position, this could stabilise with 200-300 venues on the SaaS model, which would be a pretty good pivot. Once the telesales team are back up and running, they'll start steadily growing the numbers again with a much better revenue model.
So Tanya a serious question, do you actually acknowledge now that the live restaurants are the ones that have agreed to the new terms, the clues are 0% and 10% slots, these are new and are not available before as restaurants now decide the level of discount if any.
I don't thing any boutique investor is going to stump up money if this lot has managed to lose another 2 to 3 million quid and only has a few dozen restaurants on an app that hardly a sole has heard of. Imo the only hope is forward selling millions more shares after feeding carrot after carrot (Super app lol) in the hope smaller private investors fall for the hype / drivel they will shortly be fed.